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4236 7th Avenue NE

Seattle, WA 98105
  • $5,125,000
  • STATUS: Active
  • ON SITE: 36 days
  • MLS #: 1797572
UPDATED: 44 min ago
$5,125,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1998
County:

School Ratings & Info

School District:
Listing Courtesy of Westlake Associates, Inc..

Description

Montlake Villas offers investors the rare opportunity to acquire a highly sought after 9,000 SQFT parcel in the heart of the U District, and only 4 blocks from the new transit station. Zoned MR(M1) the large lot allows developers to take advantage of the University of Washington Growth plan in which the UW has plans to add approximately 6 Million SQFT to the campus by 2028. Roughly half of the growth will occur on the West Campus, just a few blocks from Montlake Villas. Montlake Villas in its current state is a well maintained, occupied 11 unit, that will allow developers great cash flow while navigating through the design and permitting process.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-31T18:14:37.483.

www.communityrealestategroup.com/homes/118667817
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4236 7th Avenue NE Seattle, WA 98105

  • Price: $5,125,000
  • Status: Active
  • Updated: 44 min ago
  • MLS #: 1797572
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1998
Built
Neighborhood:
University District
County:
King
Area:
N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
School District:
Seattle
Property Description
Montlake Villas offers investors the rare opportunity to acquire a highly sought after 9,000 SQFT parcel in the heart of the U District, and only 4 blocks from the new transit station. Zoned MR(M1) the large lot allows developers to take advantage of the University of Washington Growth plan in which the UW has plans to add approximately 6 Million SQFT to the campus by 2028. Roughly half of the growth will occur on the West Campus, just a few blocks from Montlake Villas. Montlake Villas in its current state is a well maintained, occupied 11 unit, that will allow developers great cash flow while navigating through the design and permitting process.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 5 Exterior Features StuccoWood Open Parking Spaces 8 Open Parking YN Yes Parking Total 13 Parking Uncovered Spaces 8 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Fireplace YN No Furnished Unfurnished Heating Cooling Type Forced Air

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 271620 Insurance Expense 5201 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 177884 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 42900 Tax Year 2021 Total Expenses 85614 Units In Building Total 11 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 11588 Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Tri-Cities and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-31T18:14:37.483.

 
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Keller Williams Tri-Cities
4390 W Van Giesen
West Richland WA, 99353
Listing Courtesy of Westlake Associates, Inc..